British Law Insurance v. Jovan Corp.

SWANN, Judge.

The appellant insurance companies appeal from a final judgment for the plaintiff, Jovan Corporation. Jovan Corporation recovered against these underwriters by virtue of its rights under a breach of warranty endorsement attached to an insurance policy they issued on an airplane.

The sole issue on appeal is whether the trial court was correct in ruling that Jovan Corporation had a lien on the aircraft named in the policy.

The breach of warranty endorsement attached to the insurance policy issued by the underwriters stated that this aircraft was “encumbered by a lien * * * held by…